reserves based on a capital asset management plan (Plan) that is
|
|
- Dorcas Campbell
- 8 years ago
- Views:
Transcription
1 Financing Reserves for Repair or Replacement of Depreciabte Assets of Auxiliary Enterprise and Other Self-Liquidating Activities Building/IOTB Repair and Equipment Replacement Reserves for Auxiliary Enterprises and Other Self-Liquidating Activities (1) Auxiliary enterprises and other self-liquidating activities shall maintain building/iotb repair and equipment replacement reserves for the purpose of funding the cost of repairs or replacement of depreciable assets. Such reserves should be sufficient to promote the efficient and effective operation of the related operating unit, avoid significant fluctuations in fees charged for services, and minimize the potential for unanticipated financial shortfalls that may impact the other funds of the institution. (2) Each auxiliary enterprise and other self-liquidating activity shall determine the appropriate level of repair reserves for buildings and improvements other than buildings (lotbs) and equipment replacement reserves based on a capital asset management plan (Plan) that is prepared/updated at least annually and approved by the institution's vice president for finance and administration or designee. The Plan required under this provision will be based on a minimum five-year planning horizon and will assess the repair or replacement needs of each asset or asset class and include an analysis of the annual funding necessary to accumulate the funds required to execute the plan. When preparing/updating the Plan, consideration should be given to the availability of interest earnings on reserves of auxiliary enterprises in order to maximize the benefits of setting aside reserve funds. The Plan required underthis section must be retained for audit purposes, (3) Each auxiliary enterprise and self-liquidating activity with capital assets of $150,000 (recorded cost) or more will prepare and retain the capital asset management plan (Plan) referred to in section (2) above. Should the Plan indicate the need for building/iotb repair and/or equipment replacement reserves, a fund should be established for those purposes (if not already established) and funded accordingly. Institution-specific policies will determine whether activities with (ess than $150,000 (recorded cost) of capital assets will prepare a Plan and establish and fund any reserves. (4) Generally, building/iotb repair and equipment replacement reserves may not be used for any other purpose than to repair or replace capital assets used in the operation of the related auxiliary enterprise or other self-liquidating activity, Consideration should be given to statutory Page 44
2 requirements (see section (6) below), applicable federal cost requirements, and the source of funding before authorizing the use of building/iotb repair and equipment replacement reserves for any other purpose. Authorization for such other use may only be granted by the institution's vice president for finance and administration or designee and must be documented and retained for audit purposes. (5) Pursuant to ORS , only building repair and equipment replacement reserves of auxiliary enterprises may be credited to the Higher Education Auxiliary Enterprise Building Repair and Equipment Replacement Fund (Fund). Reserves for the repair or replacement of other depreciable assets (lotss) of auxiliary enterprises may not be credited to the Fund, Monies deposited in the Fund may not be used for any other purpose than for the repair and alteration of auxiliary enterprise buildings and the replacement of auxiliary enterprise equipment. No repair/replacement reserves of service departments or any other self-liquidating activities may be credited to the Fund. (6) Except as otherwise provided, exceptions to the requirements of sections (1) through (5) may be granted by the Vice Chancellor for Finance and Administration or designee Service Department Building Repair and Equipment Replacement Repealed 7/18/ University Hospital Building Repair and Equipment Replacement Repealed 7/18/2003 Fiscal Management of Auxiliary Enterprises and Other Self-Liquidating Activities Policy for Education-Related Business Activities The primary mission of the institutions within the Oregon University System is the creation and dissemination of knowledge. To carry out this mission, institutions do engage in education-related business activities, i.e., activities which enhance, promote, or support instruction, research, public service, or other education-related activities where goods or services being sold or rented are directly and substantially related to an educational or research program. The Board affirms that all institution education-related business activities shall meet the following conditions: Page 45
3 A. The activity is deemed to be an integral part of, and directly and substantially related to, the fulfillment of an institution's instructional, research, public service, or other education-related mission. B. The activity is operated for the primary benefit of the students, staff, and faculty associated with and served by the institution or its affiliated units. The activity is needed to provide goods or services at a reasonable price, on reasonable terms, and at a convenient time and location. Sales or rental of services and products to on-campus visitors and campus conference participants are considered incidental to the purpose of these activities. Some typical products, services, and facilities provided at or in close proximity to an institution to meet the needs of its constituents are instruction-related materials; housing and food services; student health services; and athletic, cultural, and recreational activities; including the facilities where such products and services are provided. In furtherance of education-related business activities, institutions shall provide for the following: (1) When determining whether any particular education-related business activity should be provided by an institution, institutional presidents or their designees shall consider whether the activity is currently and adequately provided by private businesses. If the services of private businesses are considered adequate but the activity is nevertheless deemed important to be provided by the institution, the institution president or designee shall state in writing its justifications for providing the activity. A copy of the statement shall be submitted for review to the Vice Chancellor for Finance and Administration or designee. (2) To ensure recovery of direct costs of engaging in the education-related business activities, institutions shall charge students, faculty, staff, campus conference participants, and the public to participate in institutional events, for the purchase of the goods or services, and for the rental of any facilities. An institution president may waive charges for selected education-related business activities. (3) An institution may make its services and facilities available to nonprofit or community organizations without recovering all direct costs, provided there is sufficient inventory or capacity. An institution may also make its services and facilities available to for-profit community businesses and organizations provided there is sufficient capacity and availability. Charges to profit-making organizations shall cover the direct and indirect Page 46
4 costs of the use of the facilities and services provided. Services, products, and facilities may similarly be provided to federal, state, and pofitica! subdivisions, subject to negotiated charges, terms, and conditions. (4) An institution may promote and market in off-campus public media only those services and events which are of interest to the general public, such as cultural presentations, intercollegiate athletics contests, and educational programs. (5) Following approval by the institution president to provide goods, services, and facilities referenced above, the institution shall adopt a fee schedule or, in cases where prices fluctuate, a pricing markup policy for those services, products, and facilities Responsibilities and Authorities (1) The Vice Chancellor for Finance and Administration, or designee, is responsible for establishing and maintaining Systemwide fiscal policies and monitoring and reporting processes; and reporting to the Board as needed regarding compliance with fiscal policies and fiscal results. (2) Each institution president, or designee, is responsible for establishing and maintaining institution-specific fiscal policies and monitoring and reporting processes; reporting to institutional management and the Chancellor's Office as required regarding compliance with fiscal policies and fiscal results; and strategic planning and operational management Budgeting for Auxiliary Enterprises and Other Self-Liquidating Activities (1) Each institution shall prepare and submit budgets for auxiliary enterprise and other self-liquidating activities (housing, student centers, intercollegiate athletics, health services, parking, bookstores, other rentals, other auxiliaries, service departments, designated operations) as a part of the annual operating budget development process. (2) The budgets shall be prepared based on the flow of economic resources measurement focus as required for financial reporting by the Governmental Accounting Standards Board. (3) The budgets shall conservatively anticipate income from user fees and other sources to provide for all operating expenses (including depreciation) and for the establishment and maintenance of bond sinking funds, including the repayment of any outstanding obiigations, the establishment and maintenance of building/iotb repair and equipment Page 47
5 replacement reserves, and the elimination of prior year cash overdrafts and/or negative net asset balances, subject to policies governing service departments approved by the institution's federal cognizant agency. If income has been or appears likely to be insufficient for these purposes, the proposed budget shall identify the sources from which needed resources are required to eliminate such deficiencies (4) If any auxiliary enterprise or other self-liquidating activity ends a fiscal year with a cash overdraft, a negative working capital position, or a negative net asset balance, the institution will submit a revised budget pfan for eliminating the cash overdraftfs), the negative working capital position, and/or the negative net asset balance(s) to the Vice Chancellor for Finance and Administration or designee for approval If the Vice Chancellor for Finance and Administration or designee determines that the cash overdraft(s), negative working capital position, and/or negative net asset balance(s) are material, the revised budget plan will be submitted to the Board for approval after consultation with institution management. (5) Exceptions to the requirements of sections (1) through (4) may be granted by the Vice Chancellor for Finance and Administration or designee. Page 48
Minnesota State Colleges and Universities System Procedures Chapter 5 Administration Procedures associated with Board Policy 5.11
Minnesota State Colleges and Universities System Procedures Chapter 5 Administration Procedures associated with Board Policy 5.11 5.11.1 Tuition and Fees Part 1. Authority. Board Policies 1A.1, 1A.3 and
More informationJAMES MADISON UNIVERSITY
JAMES MADISON UNIVERSITY INTERCOLLEGIATE ATHLETICS PROGRAMS FOR THE YEAR ENDED JUNE 30, 2013 www.apa.virginia.gov (804) 225-3350 reports@apa.virginia.gov T A B L E O F C O N T E N T S Pages INDEPENDENT
More informationTHE CALIFORNIA STATE UNIVERSITY Office of the Chancellor 401 Golden Shore Long Beach, California 90802-4210 (562) 951-4000
THE CALIFORNIA STATE UNIVERSITY Office of the Chancellor 401 Golden Shore Long Beach, California 90802-4210 (562) 951-4000 Executive Order No.: 876 Title: Financing and Debt Management Policy Project Development
More informationThe University Of California Home Loan Program Corporation (A Component Unit of the University of California)
Report Of Independent Auditors And Financial Statements The University Of California Home Loan Program Corporation (A Component Unit of the University of California) As of and for the periods ended June
More informationGA-511 Unrelated Business Income Tax Prepared By: Associate Controller, Disbursements & Taxation Approved By: Brian Laffey Effective Date: 01/01/2011
GA-511 Unrelated Business Income Tax Prepared By: Associate Controller, Disbursements & Taxation Approved By: Brian Laffey Effective Date: 01/01/2011 Purpose Illinois Institute of Technology (IIT) is a
More information(LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION)
Form RD 3560-41 ` FORM APPROVED (02-05) OMB NO 0575-0189 (LABOR HOUSING LOAN AND GRANT TO A NONPROFIT CORPORATION) LOAN AND GRANT RESOLUTION OF, 20 RESOLUTION OF THE BOARD OF DIRECTORS OF PROVIDING FOR
More informationFlorida International University
Florida International University Finance Managers Meeting September 24, 2013 1 Finance Managers Meeting Agenda AGENDA Budget Update Kenneth Jessell Activity Number & Department Hamza Lazrak & Ana Pineda
More informationUNIVERSITY OF CALIFORNIA SANTA CRUZ RECHARGE RATE POLICIES
RECHARGE DEFINITION: A recharge is defined as "the cost charged to a University department for specific goods or services provided by another University department". Recharges move funding/expenses from
More informationCentral Michigan University Intercollegiate Athletics Program. Report on Agreed-Upon Procedures. For the year ended June 30, 2006
Central Michigan University Intercollegiate Athletics Program Report on Agreed-Upon Procedures For the year ended June 30, 2006 Independent Accountants Report on Applying Agreed-Upon Procedures Dr. Michael
More informationMINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Agenda Item Summary Sheet
MINNESOTA STATE COLLEGES AND UNIVERSITIES BOARD OF TRUSTEES Agenda Item Summary Sheet Name: Finance and Facilities Committee Date: June 17, 2015 Title: FY2016 Operating Budget (Second Reading) Purpose
More informationAcademic and Administrative Space Policy
University of California, Merced Academic and Administrative Space Policy Responsible Official: Provost/Executive Vice Chancellor Responsible Office: Real Estate Services Group, Division of Planning and
More informationHow To Get A New Residence Hall At Florida Afu
Item: AF: A-9 AUDIT AND FINANCE COMMITTEE Tuesday, June 19, 2012 SUBJECT: REQUEST FOR APPROVAL OF AN AMENDED DEBT RESOLUTION FOR THE UNDERGRADUATE HOUSING PROJECT PROPOSED COMMITTEE ACTION Recommend approval
More informationWESTERN WASHINGTON UNIVERSITY BELLINGHAM, WASHINGTON ASSOCIATED STUDENTS BOOKSTORE FINANCIAL REPORT JUNE 30, 2005
WESTERN WASHINGTON UNIVERSITY BELLINGHAM, WASHINGTON ASSOCIATED STUDENTS BOOKSTORE FINANCIAL REPORT JUNE 30, 2005 C O N T E N T S Page INDEPENDENT AUDITORS' REPORT...1 MANAGEMENT DISCUSSION AND ANALYSIS...
More informationFAU Finance Corporation (A component unit of Florida Atlantic University) Financial Report For the Year Ended June 30, 2014
(A component unit of Florida Atlantic University) Financial Report For the Year Ended Contents Independent Auditor s Report on the Financial Statements 1 2 Management s Discussion and Analysis (unaudited)
More informationFinancial Statement Guide. A Guide to Local Government Financial Statements
Financial Statement Guide A Guide to Local Government Financial Statements January, 2012 Ministry of Community, Sport and 1 Financial Statement Guide Table of Contents Introduction Legislative Requirements
More informationBP 3600 RULES FOR AUXILIARY ORGANIZATIONS
BP 3600 RULES FOR AUXILIARY ORGANIZATIONS References: Education Code Sections 72670 et seq.; 76060, 76063, 76064, 72241, 72303 Title 5 Sections 59250 et seq. The Napa Valley Community College District
More informationUNCW Resources. Trust Fund Guidelines
UNCW Resources Trust Fund Guidelines I. Sources for University Monies 1. The State through appropriation, contracts or grants 2. The Federal government through appropriation, contracts or grants 3. Customers
More informationSystem Director of Facilities Management and General Services
System Director of Facilities Management and General Services Position Number: 00013762 Department: Campus: Facilities Management and General Services SWS Date of Issue: August 2010 I. Primary Purpose
More informationVirginia State University Policies Manual. Title: Debt Management Guidelines and Procedures Policy: 1500
Purpose a. To provide guidance to Virginia State University in undertaking long-term debt obligations benefiting the University. b. To provide a structured framework for the issuance of long-term debt
More informationFinancial Report to the Board of Trustees
Financial Report to the Board of Trustees February 27, 2013 FY12 Closeout and FY13 Six Month Update Financial Report to the Board of Trustees February 27 2013 Table of Contents Page(s) University of Connecticut
More informationTotal Expenses. Modified Assets. Total Revenues
7. A new Appendix F is added to read as follows: Appendix F: Ratio Methodology for Proprietary Institutions Section 1: Ratios and Ratio Terms Definitions: Primary Reserve Ratio = Equity Ratio = Net Income
More informationCOLLEGE AND UNIVERSITY COST IDENTIFICATION AND ALLOCATION
NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS COLLEGE AND UNIVERSITY COST IDENTIFICATION AND ALLOCATION INTRODUCTION... 2 FINANCIAL / FUND ACCOUNTING...2 WHY FUND ACCOUNTING?... 2 WHAT
More informationPART 195 DEDUCTIONS FROM WAGES. (Statutory authority: Labor Law 21(11), 193, and 199) SUBPART 195-1. Purposes and Scope
12 NYCRR Part 195 is repealed and a new 12 NYCRR Part 195 is added to take effect on October 9, 2013 and expire upon the expiration and repeal of Chapter 451 of the Laws of 2012, to read as follows: PART
More informationTHE CALIFORNIA STATE UNIVERSITY
THE CALIFORNIA STATE UNIVERSITY OFFICE OF THE CHANCELLOR BAKERSFIELD CHANNEL ISLANDS M E M O R A N D U M CHICO DOMINGUEZ HILLS EAST BAY FRESNO FULLERTON TO: FROM: SUBJECT: CSU Presidents Timothy P. White
More informationEffective Date: 27 June 2013 Presidents Council Approval: 29 April 2013 Board Approval: 27 June 2013. 1. Purpose
Davis Applied Technology College: A Utah College of Applied Technology Campus Restricted Fund Accounting Sponsored Project Contracts, Custom Fit, & Grants 1. Purpose Effective Date: 27 June 2013 Presidents
More informationUniversity of California, Berkeley MANAGEMENT S DISCUSSION AND ANALYSIS (UNAUDITED)
The objective of Management s Discussion & Analysis (MD&A) is to help readers of the financial statements of the University of California, Berkeley (Berkeley) better understand the financial position and
More informationWinthrop University Policies
Winthrop University Policies ISSUED: 10/2004 The University's most significant accounting policies are described below. FINANCIAL STATEMENTS The financial statements of Winthrop University are prepared
More informationUNIVERSITY OF OKLAHOMA/NORMAN CAMPUS OFFICE OF RESEARCH SERVICES Procedures Guide. Recharge Center Operations
UNIVERSITY OF OKLAHOMA/NORMAN CAMPUS OFFICE OF RESEARCH SERVICES Procedures Guide Recharge Center Operations Overview 3 Establishing a Recharge Center 3 Information that Will Need to be Determined 3 Rate
More informationBYLAWS. Board of Visitors Code of Virginia. Williamsburg, Virginia
2015 BYLAWS Board of Visitors Code of Virginia Williamsburg, Virginia PREAMBLE The Board of Visitors is the governing authority of the College of William and Mary, including the Virginia Institute of
More informationREPORT NO. 2012-123 MARCH 2012 UNIVERSITY OF CENTRAL FLORIDA. Financial Audit
REPORT NO. 2012-123 MARCH 2012 Financial Audit For the Fiscal Year Ended June 30, 2011 BOARD OF TRUSTEES AND PRESIDENT Members of the Board of Trustees and President who served during the 2010-11 fiscal
More informationPublic Act No. 15-200
Public Act No. 15-200 AN ACT CONCERNING THE DUTIES AND AUTHORITY OF THE CONNECTICUT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY. Be it enacted by the Senate and House of Representatives in General Assembly
More informationTitle 37-B: DEFENSE, VETERANS AND EMERGENCY MANAGEMENT HEADING: PL 1997, c. 455, 9 (rpr)
Title 37-B: DEFENSE, VETERANS AND EMERGENCY MANAGEMENT HEADING: PL 1997, c. 455, 9 (rpr) Chapter 11: MAINE VETERANS' HOME Table of Contents Section 601. HOME ESTABLISHED; PURPOSE... 3 Section 602. BODY
More informationGuaranteed Energy Savings Contracts Key Terms (G.S. 143-64.17)
Guaranteed Energy Savings Contracts Key Terms (G.S. 143-64.17) Guaranteed Energy Savings Contract (GESC) A contract for the evaluation, recommendation, or implementation of energy conservation measures,
More informationTOPIC ACCOUNTING PRINCIPLES SUB-SECTION 03.00.00 SUB-SECTION INDEX REVISION NUMBER 99-004
Page 1 of 1 TOPIC ACCOUNTING PRINCIPLES SUB-SECTION 03.00.00 SECTION ISSUANCE DATE JUNE 30, 1999 SUB-SECTION INDEX REVISION NUMBER 99-004 03 Accounting Principles 10 Organization Structure of State Government
More informationGeneral. Scope. Objectives. The objective of the Policy is to ensure prudent debt management practices that include:
General This Policy (the Policy ) establishes conditions for the use of debt and creates procedures and policies designed to manage the Alamo Community College District s (the College District ) obligations
More informationPublication No. 140 Revised July 2015. Sample Financial Statements. for a Charter School. in North Carolina
Publication No. 140 Revised July 2015 Sample Financial Statements for a Charter School in North Carolina State and Local Government Finance Division North Carolina Department of State Treasurer 35-H-1
More informationCITY OF SEATTLE DEBT MANAGEMENT POLICIES
CITY OF SEATTLE DEBT MANAGEMENT POLICIES Introduction The following policies are enacted to maintain standard and rational practices for the issuance and management of debt by the City of Seattle. Their
More informationCHART OF ACCOUNTS. For Virginia State-Supported Colleges and Universities EFFECTIVE JULY 1, 1990 DEPARTMENT OF ACCOUNTS
CHART OF ACCOUNTS For Virginia State-Supported Colleges and Universities EFFECTIVE JULY 1, 1990 DEPARTMENT OF ACCOUNTS STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA TABLE OF CONTENTS INTRODUCTION... 1
More informationREVENUE AND EXPENDITURE/EXPENSE ANALYSIS
THE UNIVERSITY OF TEXAS SYSTEM OFFICE OF THE CONTROLLER REVENUE AND EXPENDITURE/EXPENSE ANALYSIS 1999 2008 2009 Update 201 Seventh Street, ASH 5 th Floor Austin, Texas 78701 512.499.4527 www.utsystem.edu/cont
More informationWellsville Area Chamber of Commerce, Inc. Financial Policies and Procedures
Wellsville Area Chamber of Commerce, Inc. Financial Policies and Procedures The Wellsville Area Chamber of Commerce is committed to responsible financial management. All members of the organization (compensated
More informationNorthern Marianas College Fiscal Year 2013 Operations Budget and Financial Plan
Northern Marianas College Fiscal Year 2013 Operations Budget and Financial Plan General Information The Northern Marianas College (NMC) has been no stranger to financial struggles during the turbulent
More informationThe May Revision for higher education remains consistent with the 2004 Higher
Higher Education The May Revision for higher education remains consistent with the 2004 Higher Education Compact, and includes workload adjustments to the Cal Grant program. Due to significant revenue
More informationCHAPTER 7 COST PRINCIPLES
CHAPTER 7 COST PRINCIPLES 7101. Cost Principles. (a) Definitions. (1) Actual Costs are all direct and indirect costs which have been incurred for services rendered, supplies delivered, or construction
More informationUCLA Policy 310: UCLA Mail Services
UCLA Policy 310: UCLA Mail Services Issuing Officer: Administrative Vice Chancellor Responsible Dept: Mail, Document & Distribution Services Effective Date: April 29, 2009 Supersedes: UCLA Policy 310,
More informationCity of Mt. Angel. Comprehensive Financial Management Policies
City of Mt. Angel Comprehensive Financial Management Policies May 2014 Table of Contents Section Description Page I. Purpose... 3 II. Objectives... 3 III. Management of Fiscal Policy... 4 IV. Accounting,
More informationThe Large Public University
By Kenneth A. Jessell PhD. CFO Perspectives Additional Perspectives CFO Perspectives: The Large Public University is one in a series of white papers that looks at the role of the CFO within different institutional
More informationTHE BOARD OF VISITORS OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY POLICY GOVERNING FINANCIAL OPERATIONS AND MANAGEMENT
MANAGEMENT AGREEMENT BETWEEN THE COMMONWEALTH OF VIRGINIA AND VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY PURSUANT TO THE RESTRUCTURED HIGHER EDUCATION FINANCIAL AND ADMINISTRATIVE OPERATIONS ACT
More informationCONTENTS. Independent Auditors Report... 1. Consolidated Statements of Financial Position... 2. Consolidated Statements of Activities...
CONTENTS Independent Auditors Report... 1 Consolidated Statements of Financial Position... 2 Consolidated Statements of Activities...3-4 Consolidated Statements of Cash Flows... 5 Notes to the Consolidated
More informationHow To Read A University Or College'S Financial Statement
Understanding College and University Financial Statements By Rudy Fichtenbaum Professor of Economics Department of Economics Wright State University Dayton, OH 45435 (937) 775-3085 rfichtenbaum@sbcglobal.net
More informationTHE WILLIAM PATERSON UNIVERSITY OF NEW JERSEY (A Component Unit of the State of New Jersey)
Financial Statements and Management s Discussion and Analysis (With Independent Auditors Report Thereon) Table of Contents Management s Discussion and Analysis 1 Independent Auditors Report 12 Financial
More informationWest Texas A&M University: Review of Physical Plant Operations PROJECT SUMMARY. Summary of Significant Results
PROJECT SUMMARY Overview Table of Contents Project Summary... 1 Detailed Observations... 4 Basis of Review... 12 Audit Team Information... 14 Distribution List... 14 Controls within certain areas of West
More information83. Standard 9. Financial Resources. 1. Description. 1.1. Financial stability
83. Standard 9. Financial Resources 1. Description 1.1. Financial stability Bentley University has not reported an operating deficit since it became a not-for-profit organization in 1948. Fiscal year 2012
More informationGEORGIA TECH FOUNDATION, INC. COMMITTEE OPERATING PROCEDURES REAL ESTATE COMMITTEE
GEORGIA TECH FOUNDATION, INC. COMMITTEE OPERATING PROCEDURES REAL ESTATE COMMITTEE The Real Estate Committee is charged with overseeing all matters concerning real estate owned or operated by, or being
More informationCommunity College of Aurora INSTITUTIONAL FEE PLAN
PART A--Fee Categories Community College of Aurora INSTITUTIONAL FEE PLAN The purpose of the Institutional Fee Plan is to define how student fees are proposed, approved, assessed, and allocated at Community
More informationJune 23, 2014 BY CERTIFIED MAIL. Dr. Wilma Mishoe, Interim President Wilberforce University 1055 North Bickett Road Wilberforce, OH 45384-1001
June 23, 2014 BY CERTIFIED MAIL Dr. Wilma Mishoe, Interim President Wilberforce University 1055 North Bickett Road Wilberforce, OH 45384-1001 Dear President Mishoe: This letter is formal notification of
More informationUMBC TRAVEL POLICY AND PROCEDURES
UMBC TRAVEL POLICY AND PROCEDURES UMBC #VIII-11.00.01 Directory Pre-Approvals Expense Reimbursements Ticketing Hotel Reservations Meals Travel by Car Travel by Private Airplane Travel Advances Recruiting,
More informationCITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013
CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013 ASSETS DEBT TAX GENERAL SERVICE INCREMENT Cash and investments $ 13,823,153 $ 577,744 $ --- Taxes receivable 57,403,960 30,488,253
More informationReference: Business and Professions Code Sections 24045.4, 24045.6, and 25608 and 34 Code of Federal Regulations Part 668.46 (b)
AP 3555 Alcoholic Beverages Reference: Business and Professions Code Sections 24045.4, 24045.6, and 25608 and 34 Code of Federal Regulations Part 668.46 (b) Date Issued: January 23, 2008 Last Updated:
More informationDIVISION OF RESEARCH RECHARGE FACILITIES OPERATING PROCEDURES. August 2012. 11200 SW 8th Street MARC 430 Miami, FL 33199 http://research.fiu.
DIVISION OF RESEARCH RECHARGE FACILITIES OPERATING PROCEDURES August 2012 11200 SW 8th Street MARC 430 Miami, FL 33199 http://research.fiu.edu Table of Contents Recharge Service Facility Operating Procedures
More informationUnveiling the Five-Year Business Plan Mystery
Unveiling the Five-Year Business Plan Mystery Agenda What to Expect Today Purpose of the Five-Year Plans New Submission Dates The Role of the Five-Year Plans in the PPV Process Georgia College and State
More informationCALIFORNIA STATE UNIVERSITY, SAN MARCOS. Financial Statements. June 30, 2005 and 2004. (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis 3 Financial Statements: Statements of Net Assets
More informationCHAPTER 42 WATER REVENUE BONDS
Page 1 CHAPTER 42 WATER REVENUE BONDS AN ORDINANCE TO PROVIDE FOR THE ISSUANCE AND SALE OF WATER SUPPLY SYSTEM REVENUE BONDS OF THE CITY OF LAPEER FOR THE PURPOSE OF CONSTRUCTING IMPROVEMENTS, REPAIRS,
More informationSTUDENT LOAN AUTHORITY
STUDENT LOAN AUTHORITY Enabling Laws Act 1421 of 2005 A.C.A. 6-81-101 et seq. History and Organization Since the Authority was created in 1977, its enabling legislation has been amended six times: Act
More informationDebt Management Policy
Debt Management Policy Introduction One of the keys to sound financial management is the development of a debt policy. This need is recognized by bond rating agencies, and development of a debt policy
More informationSTATE OF CONNECTICUT
STATE OF CONNECTICUT AUDITORS' REPORT STATE INSURANCE AND RISK MANAGEMENT BOARD FOR THE FISCAL YEARS ENDED JUNE 30, 2001 AND 2002 AUDITORS OF PUBLIC ACCOUNTS KEVIN P. JOHNSTON ROBERT G. JAEKLE Table of
More informationStandard Seven 1 MISSION STATEMENT
Standard Seven 1 FINANCE MISSION STATEMENT Administrative Services is committed to supporting the college community by providing the services, systems, infrastructure, and collegial environment necessary
More informationTable of Contents. WATER AND WASTEWATER MODEL AND SITUATIONAL ANALYSIS 6 Model Development 6 10-Year Water/WW - Challenges, Risks and Opportunities 7
Table of Contents LONG-RANGE FINANCIAL PLAN INTRODUCTION 1 Water and Wastewater Financial Plan 2 What is a Long Range Financial Plan 3 Importance of a Long Range Financial Plan 4 General Approach to Preparing
More informationWest Virginia Council for Community and Technical College Education
West Virginia Council for Community and Technical College Education Combined Financial Statements Years Ended June 30, 2013 and 2012 and Independent Auditor s Reports TABLE OF CONTENTS INDEPENDENT AUDITOR
More informationOPERATIONS OF PUBLIC INSTITUTIONS OF HIGHER EDUCATION. Be it enacted by the General Assembly of the State of Colorado:
NOTE: This bill has been prepared for the signature of the appropriate legislative officers and the Governor. To determine whether the Governor has signed the bill or taken other action on it, please consult
More informationModule 2: Preparing for Capital Venture Financing Financial Forecasting Methods TABLE OF CONTENTS
Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods 1.0 FINANCIAL FORECASTING METHODS 1.01 Introduction
More informationThe University of Georgia Service Center Policy
TABLE OF CONTENTS The University of Georgia Service Center Policy 1. INTRODUCTION... 4 2. SCOPE... 4 2.1. Recharge Activities... 4 2.2. Service Centers... 4 2.3. Specialized Service Centers... 4 3. INTENT....
More informationThis policy sets forth system-wide standards for financial accounting and reporting of leases.
Accounting for Leases Section: Accounting and Financial Reporting Title: Accounting for Leases Number: 05.281 Index POLICY.100 POLICY STATEMENT.110 POLICY RATIONALE.120 AUTHORITY.130 APPROVAL AND EFFECTIVE
More informationCentre for Addiction and Mental Health. Financial Statements March 31, 2014
Centre for Addiction and Mental Health Financial Statements June 4, Independent Auditor s Report To the Trustees of Centre for Addiction and Mental Health We have audited the accompanying financial statements
More informationColorado School of Mines Financial Statements and Independent Auditor s Report Financial Audit Years Ended June 30, 2013 and 2012
Financial Statements and Independent Auditor s Report Financial Audit Years Ended Years Ended TABLE OF CONTENTS FINANCIAL AUDIT REPORT SECTION Independent Auditor s Report... 1 Management s Discussion
More informationUnrelated Business Income Taxes (UBIT), Weill Cornell Medical College - Qatar
INTERIM Issued: June 4, 2004 CORNELL UNIVERSITY POLICY LIBRARY Unrelated Business Income Taxes (UBIT), Weill Cornell Medical College - Qatar POLICY 3.15.2 Responsible Executive: Dean, POLICY STATEMENT
More informationVANCOUVER COMMUNITY COLLEGE
Financial Statements of VANCOUVER COMMUNITY COLLEGE KPMG Enterprise Metrotower II 4720 Kingsway, Suite 2400 Burnaby, BC V5H 4N2 Canada Telephone (604) 527-3600 Fax (604) 527-3636 Internet www.kpmg.ca/enterprise
More informationCHAPTER 2014-254. Committee Substitute for Committee Substitute for House Bill No. 1445
CHAPTER 2014-254 Committee Substitute for Committee Substitute for House Bill No. 1445 An act relating to the Citrus County Hospital Board, Citrus County; amending chapter 2011-256, Laws of Florida; authorizing
More informationResearch Administration at The University of Chicago
Research Administration at The University of Chicago Mary Ellen Sheridan, Ph.D. Associate Vice President for Research University Research Administration University of Chicago Outline of JST Seminar Facts
More informationTHE STATE EDUCATION DEPARTMENT Room 475 EBA Office of Educational Management Services Albany, NY 12234 (518) 474-6541
THE STATE EDUCATION DEPARTMENT Room 475 EBA Office of Educational Management Services Albany, NY 12234 (518) 474-6541 Fund Balance - Reservations and Designations The following Reserve Funds are available
More informationPolicies, Procedures and Guidelines
Policies, Procedures and Guidelines Complete Policy Title: Debt Management Policy Approved by: Board of Governors Policy Number (if applicable): n/a Date of Most Recent Approval: April 16, 2015 Date of
More informationAUTOMOBILE ACCIDENT COMPENSATION ADMINISTRATION. Financial Statements and Independent Auditors Report. June 30, 2001 and 2000
AUTOMOBILE ACCIDENT COMPENSATION ADMINISTRATION Financial Statements and Independent Auditors Report Balance Sheets Assets 2001 2000 Cash and cash equivalents $ 5,175,507 $ 5,012,402 Collateral received
More informationCampus Advertising, Sales & Solicitation Policy
Campus Advertising, Sales & Solicitation Policy Mission The mission of the College Advertising, Sales, and Solicitation Policy is to ensure compliance with Board of Regents policy regarding business activities
More informationBridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011
Bridges of America - The Orlando Bridge, Inc. Orlando, Florida Financial Statements and Supplemental Information Year Ended June 30, 2011 Table of Contents Page Independent Auditor s Report 1 Financial
More information2015 Agreed upon Procedures
2015 2015 Agreed upon Procedures Page 1 INTRODUCTION... 3 BACKGROUND INFORMATION... 4 1. NCAA LEGISLATION... 4 a. Division I... 4 b. Division II... 5 c. Division III... 6 2. INTERPRETATIONS... 6 a. Objectives
More informationBe it enacted by the General Assembly of the State of Colorado:
NOTE: This bill has been prepared for the signature of the appropriate legislative officers and the Governor. To determine whether the Governor has signed the bill or taken other action on it, please consult
More informationMINISTRY OF SUSTAINABLE RESOURCE MANAGEMENT
MINISTRY OF SUSTAINABLE RESOURCE MANAGEMENT The mission of the Ministry of Sustainable Resource Management is to provide provincial leadership, through policies, planning and resource information, to support
More informationOPERATING BUDGET POLICIES AND PROCEDURES 2013-2014. Table of Contents
Operating Budget Policies and Procedures FY2014 OPERATING BUDGET POLICIES AND PROCEDURES 2013-2014 Table of Contents INTRODUCTION... 2 STRUCTURE AND PRESENTATION... 2 RESOURCE ALLOCATION... 3 CARRYOVER
More informationAdministrative and Student Support Program Review
Administrative and Student Support Program Review 2010-2011 Department: Bookstore Prepared by: Audrey Hulen Approved by: Marilyn Hamm Date Submitted: November, 2011 Section 1- Profile Purpose: defines
More informationInsurance Broker Guidance Notes
Balance Sheet Liabilities 1. Other liabilities include items below: 1.1. Borrowings refers to the amount outstanding including accrued interest in respect of any overdraft arrangements or loans taken by
More informationRevision Log. All 11/27/12 11/29/12 12/4/2012 Entire section revised to reflect current practices
22.0.0 Overview P a g e 1 Log Sub-Section Start End Date Posted Summary of Changes All 11/27/12 11/29/12 12/4/2012 Entire section revised to reflect current practices 22.0.0 Overview P a g e 2 OVERVIEW
More informationRECREATIONAL FACILITY REVENUE BOND FUNDS IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY
RECREATIONAL FACILITY REVENUE BOND FUNDS IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY INDEPENDENT AUDITOR'S REPORT BASIC FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION JUNE 30, 2008 0961-8021-BC04
More informationNC General Statutes - Chapter 115D Article 4A 1
Article 4A. Budgeting, Accounting, and Fiscal Management. 115D-54. Preparation and submission of institutional budget. (a) By a date determined by the State Board, trustees of each institution shall prepare
More informationTraffic and Parking Services Financial Statements June 30, 2011
Traffic and Parking Services Financial Statements June 30, 2011 PARKING AND TRANSPORTATION SERVICES MANAGEMENT DISCUSSION AND ANALYSIS Our discussion and analysis of Florida Atlantic University's Parking
More informationSTRATEGIC FINANCIAL PLANNING SANTA CLARA UNIVERSITY GUIDELINES FOR BUDGETING AND FINANCIAL MANAGEMENT OF CURRENT OPERATIONS
STRATEGIC FINANCIAL PLANNING SANTA CLARA UNIVERSITY GUIDELINES FOR BUDGETING AND FINANCIAL MANAGEMENT OF CURRENT OPERATIONS INTRODUCTION The University faces a significant challenge in providing the financial
More informationChapter 32 Utah Interlocal Financing Authority Act
Chapter 32 Utah Interlocal Financing Authority Act 11-32-1 Short title. (1) This chapter shall be known as the "Utah Interlocal Financing Authority Act." (2) All bonds issued pursuant to authority of this
More informationCredit Enhancement Fund
OREGON Credit Enhancement Fund Program description Business Oregon s Credit Enhancement Fund is designed to help businesses that are having difficulty accessing conventional financing. The Credit Enhancement
More informationYork Business Associates, L.L.C. (d/b/a TransAct Futures) and Subsidiary FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT.
York Business Associates, L.L.C. (d/b/a TransAct Futures) and Subsidiary FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT December 31, 2014 CONSOLIDATED STATEMENT OF FINANCIAL CONDITION December
More informationWITH REPORTS OF INDEPENDENT AUDITORS
As of and for the Years Ended JUNE 30, 2013 AND JUNE 30, 2014 Financial Statements and Schedule of Expenditures of Federal Awards WITH REPORTS OF INDEPENDENT AUDITORS AUDITED FINANCIAL STATEMENTS Independent
More informationMARSHALL COMMUNITY AND TECHNICAL COLLEGE
MARSHALL COMMUNITY AND TECHNICAL COLLEGE POLICY # 4.00 - Program Approval SECTION 4.1. GENERAL 4.1.a. This policy defines the process for obtaining approval of new academic programs and discontinuance
More informationGRACE CHURCH CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011
CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MAY 31, 2012 AND 2011 TABLE OF CONTENTS YEARS ENDED MAY 31, 2012 AND 2011 INDEPENDENT AUDITORS REPORT 1 CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENTS
More information